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Saudi Arabia’s stock market fell by 2.3% on Sunday due to drone attack on oil plants

Autor: Financial Market
Timp de citit: < 1 minute

Saudi Arabia’s stock market fell by 2.3% at Sunday’s open as the country confronted with weekend drone attacks on the heart of its oil production facilities in Abqaiq and Khurais claimed by Yemen’s Houthi rebels. Reports that the country may take weeks to return to full oil supply capacity is set to send crude futures up by as much as $10 per barrel, analysts say, depending on the scale of the damage. Half the country’s oil production was halted due to fire damage but is due to restart on Monday, Saudi energy ministry officials said in a statement.

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